Job Summary:Loan administration of complex construction loans; mostly commercial, part residential and land development loans. Responsibilities: Administer construction loan portfolio. Process loan advances and reductions, track insurance, quote payoff figures, and apply interest payments. Construction monitoring of both commercial and part residential loans. Set up monitoring workbooks with loan specific draw schedules for complex loans. Coordinate all site inspections for loan draws relating to the construction loans and title bringdowns. Ability to establish draw schedules and budget tracking using workbooks/systems based on the requirements of the loan approval, loan documents, and construction contract, if applicable. Careful review of draw request to identify possible budget problems, and elevate to supervisors with recommendations for resolution. Review inspection reports and documents for accuracy, and for conformance with the budget, loan approval, and Loan Agreement. Approve draws jointly with Relationship Managers. Update ledgers, budgets, and the funding log. Work with title company to obtain Partial Satisfaction Certificates for processing within 30 days of receipt of payment. Prepare quarterly Project Status Reports for review by, and signature of the loan officer. Understanding of AIA construction documents, and the ability to identify and elevate issues contrary to documentation. Backup other Administrators in their absence. #LI-Hybrid
